Commercial Natl Finl Pa Stock Price, News & Analysis

Commercial National Financial Corporation (CNAF) is a financial holding company in the commercial banking industry. According to company disclosures, it is the parent company of Commercial Bank & Trust of PA and its shares trade on the OTCQX market under the symbol CNAF. The company is associated with the finance and insurance sector and focuses on community banking activities through its subsidiary bank.

Business overview

Commercial National Financial Corporation reports that it operates through its banking subsidiary, Commercial Bank & Trust of PA. The company describes itself as an insured depository institution with a network of community banking facilities and related financial services. Its public financial statements show activity in loans, securities available for sale, deposits, short-term borrowings, and asset management and trust income, reflecting a traditional commercial banking model.

The company’s consolidated statements of financial condition list assets such as cash and due from banks, interest-bearing deposits with banks, loans net of an allowance for credit losses, securities available for sale, restricted investments in bank stock, premises and equipment, accrued interest receivable, investment in life insurance, and other assets. On the liability side, it reports non‑interest‑bearing and interest‑bearing deposits, short‑term borrowings, and other liabilities, along with shareholders’ equity that includes common stock, retained earnings, accumulated other comprehensive income or loss, and treasury stock.

Community banking footprint

Commercial National Financial Corporation states that it operates seven community banking facilities in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton, Pennsylvania. The company also maintains a commercial business development sales force throughout its market area. These locations and activities support its role as a community-focused commercial bank serving customers in its Pennsylvania footprint.

The company further reports that it operates an asset management and trust division of Commercial Bank & Trust of PA headquartered in Greensburg, Pennsylvania. In addition to physical branches, Commercial Bank & Trust of PA serves its customer base through an Internet banking site and an automated TouchTone Teller banking system, providing remote access channels for account information and transactions.

Capital, deposits and asset quality (as described by the company)

In multiple earnings releases, Commercial National Financial Corporation highlights metrics such as tax‑equivalent net interest margin, the composition of fully insured well diversified core deposits as a percentage of total deposits, and various regulatory capital ratios, including tier one risk‑based, total risk‑based, leverage and common equity tier one capital ratios. The company characterizes its capital adequacy and strength as exceeding major banking industry benchmarks and describes its asset quality as exceptionally strong across its portfolio. These characterizations appear in the company’s own news releases and reflect its internal assessment of financial condition and performance.

The company’s disclosures also note that its securities portfolio has been affected by elevated market interest rates and yields, resulting in after‑tax accumulated other comprehensive loss from net unrealized depreciation in securities available for sale. This impact is presented in the context of broader conditions affecting insured depository institutions, based on the company’s own commentary.

Dividends, ownership and stock repurchases

Commercial National Financial Corporation regularly announces quarterly cash dividends on its common stock in its news releases. These announcements specify per‑share dividend amounts and record and payment dates. The company also discusses how dividend declarations relate to earnings, regulatory considerations, and prior undistributed earnings, using its own language to describe dividend policy and constraints.

The company discloses the direct and beneficial ownership of its outstanding shares by executive officers and directors as a percentage of total shares, providing figures at various reporting dates. In addition, Commercial National Financial Corporation has announced a stock repurchase program authorizing the repurchase of a specified number of common shares, representing a stated percentage of shares outstanding. The company notes that repurchases may be conducted on the open market, potentially under a trading plan adopted under SEC Rule 10b5‑1, and that the program may be suspended or discontinued at any time, with no guarantee regarding the number of shares ultimately repurchased.

Labor relations and workforce

Commercial National Financial Corporation provides detailed information about its workforce in its shareholder communications. It reports employing a number of people in full‑time and part‑time positions and notes that a portion of its employees are represented by the United Auto Workers, Local 1799. The company states that it has had unionized employees since 1972 and that a labor agreement between the company and the bargaining unit was negotiated and ratified with an effective date of February 15, 2024, with an expiration date in February 2029.

The company further notes that the Commonwealth of Pennsylvania and the National Labor Relations Board afford protection to the organized status of pre‑existing collective bargaining units. It states that it has been advised that bargaining unit status limits its strategic options relative to those of non‑unionized insured depository institutions, and that it continues to consider this factor in its strategic and capital management decisions.

Earnings reporting

Commercial National Financial Corporation regularly issues quarterly and annual earnings releases that include consolidated statements of financial condition and consolidated statements of income. These reports provide details on interest income (including interest and fees on loans and interest and dividends on securities), interest expense on deposits and short‑term borrowings, net interest income, credit for or provision for credit losses, other operating income (such as asset management and trust income, service charges on deposit accounts, income from investment in life insurance, and other income), and other operating expenses (including salaries and employee benefits, net occupancy, furniture and equipment, Pennsylvania shares tax, legal and professional fees, FDIC insurance, and other expenses).

The company’s releases also present net income and earnings per share for the relevant periods. In some communications, Commercial National Financial Corporation discusses return on average assets, return on average equity, and how Federal Reserve monetary policy and interest rate changes have influenced its funding costs, securities portfolio, and dividend capacity, using its own descriptive language.

Trading status and regulatory filings

Commercial National Financial Corporation’s common stock is identified in company news releases as trading on the OTCQX market under the symbol CNAF. The available data for this description do not include specific SEC filings, and no separate SEC documents are provided here. As a result, detailed discussion of individual SEC forms is not included in this overview. The company’s publicly released financial statements and news announcements serve as the primary sources for the information summarized on this page.

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